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Trio battle for control of Rangers

McCoist, left, insists he is not worried about how long it may take to resolve Rangers’ futureRob Casey / SNS

The fight for control of Rangers exploded into a three-way power struggle yesterday in a day of twists and drama almost unprecedented even by the Ibrox club’s remarkable standards.

Mike Ashley, the Newcastle United owner, Dave King, the former Ibrox director, and Brian Kennedy, the Sale Sharks owner and former Blue Knights consortium member, are at the centre of a struggle to wrestle control of the Scottish Championship club.

The first casualty was Philip Nash, Rangers’ finance director, who resigned yesterday. And the future of the chief executive, Graham Wallace, was also under threat late last night, with Rangers holding an urgent board meeting, and an announcement expected this weekend on the club’s future.